How the state and local tax deduction affects homeowners
September 16, 2025
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as posted by the channelPresident Donald Trump’s “big beautiful bill” raised the state and local tax deduction, known as SALT, to $40,000 for 2025. The change comes less than a decade after a cap was placed on this tax break for the first time in its history.
Here's what the change means for taxpayers.
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